We are a leading global supplier of asset optimization solutions that optimize
asset design, operations and maintenance in complex, industrial environments.
We combine decades of process modeling and operations expertise with big data
machine-learning and analytics. Our purpose-built software solutions improve
the competitiveness and profitability of our customers by increasing throughput,
energy efficiency, and production, reducing unplanned downtime, enhancing capital
efficiency, and decreasing working capital requirements over the entire asset
lifecycle to support operational excellence.
Our software incorporates our proprietary mathematical and empirical models
of manufacturing and planning processes and reflects the deep domain expertise
we have amassed from focusing on solutions for the process and other capital-intensive
industries for over 35 years. We have developed our applications to design and
optimize processes across three principal business areas: engineering, manufacturing
and supply chain, and asset performance management. We are a recognized market
and technology leader in providing process optimization and asset performance
management software solutions for each of these business areas.
We have established sustainable competitive advantages based on the following
strengths:
•Innovative products that can enhance our customers profitability and
productivity;
•Long-term customer relationships;
•Large installed base of users of our software; and
•Long-term license contracts.
We have approximately 2,100 customers globally. Our customers consist of companies
engaged in the process and other capital-intensive industries such as energy,
chemicals, engineering and construction, as well as pharmaceuticals, transportation,
power, metals and mining, pulp and paper, and consumer packaged goods.
The process manufacturing industries consist of companies that typically manufacture
finished products by applying a controlled chemical process either to a raw
material that is fed continuously through the plant or to a specific batch of
raw material.
Process industry characteristics and dynamics are complex; therefore, any small
improvement in the high-volume feedstocks used, or to the chemical process applied,
can have a significant impact on the efficiency and cost-effectiveness of manufacturing
operations. As a result, process manufacturers, as well as the engineering and
construction firms that partner with these manufacturers, have extensive technical
requirements and need sophisticated, integrated software to help design, operate
and maintain complex manufacturing assets. The unique characteristics associated
with process manufacturing create special demands for business applications
that frequently exceed the capabilities of generic or non-process manufacturing
software packages.
We provide integrated asset optimization software solutions designed and developed
specifically for the process and other capital-intensive industries. Customers
use our solutions to improve their competitiveness and profitability by increasing
throughput and productivity, reducing operating and maintenance costs, enhancing
capital efficiency, enabling collaboration among different functions and decreasing
working capital requirements. Our aspenONE applications are organized into three
suites: 1) engineering; 2) manufacturing and supply chain; and 3) asset performance
management, or APM:
Engineering. Our engineering software is used to develop process designs of
new plants, re-vamp existing plants, and simulate and optimize existing processes.
Manufacturing and Supply Chain. Our manufacturing software is used to optimize
day-to-day processing activities, enabling process manufacturers to make better,
more profitable decisions and to improve plant performance. Our supply chain
management software is designed to enable process manufacturers to reduce inventory
levels, increase asset efficiency, respond rapidly to market demands and optimize
supply chain operations.
Asset Performance Management. Our asset performance management suite is used
to understand and predict the reliability of a system; be it multiple assets,
a single asset, or equipment in a plant. The factors that impact reliability
include how operating conditions degrade equipment performance over time, or
how process conditions lead to equipment failure, and the ability to predict
when the equipment will fail and prescribe actions to avoid such occurrences.
The APM suite is a comprehensive suite of machine learning and analytics technologies
when used on a standalone or integrated manner with historical and real time
asset and equipment data which can help our customers improve their return on
capital employed.
Our aspenONE licensing model is a subscription offering under which customers
receive access to all the products within the aspenONE suite(s) they license,
including the right to any new unspecified future software products and updates
that may be introduced into the licensed aspenONE software suite. This affords
customers the ability to use our software whenever required and to experiment
with different applications to best solve whatever critical business challenges
they face.
We offer customer support, professional services and training services to our
customers. Under our aspenONE licensing model, software maintenance and support
is included for the term of the arrangement. Professional services are offered
to customers as a means to further implement and extend our technology across
their corporations.
The key benefits of our aspenONE solutions include:
Broad and comprehensive software suites. We believe we are the only software
provider that has developed comprehensive suites of software applications addressing
the engineering, manufacturing and supply chain and maintenance requirements
of process manufacturers. While some competitors offer solutions in one or two
principal business areas, no other vendor can match the breadth of our aspenONE
offerings. In addition, we have developed an extensive array of software applications
that address extremely specific and complex industry and end user challenges,
such as feedstock selection and production scheduling for petroleum companies.
Integrated software solutions. aspenONE provides a standards-based framework
that integrates applications, data and models within each of our software suites.
Process manufacturers seeking to improve their business operations can use the
integrated software applications in the aspenONE Manufacturing and Supply Chain
suite to support real-time decision making both for individual production facilities
and across multiple sites.
Flexible commercial model. Our aspenONE licensing model provides a customer
with access to all of the applications within and across the aspenONE suite(s)
the customer licenses, including the right to any new unspecified future software
products and updates that may be introduced into the licensed aspenONE software
suite. The customer can change or alternate the use of multiple applications
in a licensed suite through the use of exchangeable units of measurement, or
tokens, licensed in quantities determined by the customer. This enables the
customer to use those applications whenever required and to experiment with
different applications to best solve whatever critical business challenges the
customer faces. The customer can easily increase its usage of our software as
their business requirements evolve.
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